by Masa4065@yahoo.com on Fri Oct 16, 2009 3:57 pm
Well, I came out when Dow was 9200. For I had to take my kids to Late Summer holiday. I have been shorting some since before that. Still keeping it. I did some day trades to make amends, have been in Gold & Silver, a few mnths. Sold USD before it started fall lately. That point I want to say is "None one should rely solely on An advice." One should take care of himself" I take H.S. dent advice seriously, but also read many books and sites etc. to collect information. One should not just listen to one of advisers in CNBC and decide where and when to invest! It is your money! For example, I believe H.S.Dent information is quite accurate medium to long term, that says, 6mths or longer. I have found his e-mail alert swings just like normal human emotions. I found this before last time Dow fell thru 11000-10000. That helped me to come out just there early Sept 2008. The same thing is happening I guess that e-mail alert and newsletter suggested to come out early. But, we , listeners also must work out H.S. Dent staff are also human and can be drifted by the market mood. Having that in mind, I have no regret to come out entirely earlier at under 9500. My objective is rule no 1. Do not lose your capital! Rule no.2 Do not forget rule no. 1. W.Buffett said that ! So I have all my capital intact since 2005. Only partial profit disappeared, but come on! If the market falls at least to DOW 6000, you can win the game! I am an amatur! So, I do not want to risk my capital agst present volatility or uncertainty. I will be happier if the market and economy gets stable and grow like 2004 or 2005. 10% growth for the total capital without much risk is much more favoured than 30% growth with bigger risk like now!!! If you are not day trader or swinger, you should be looking at several month ahead and invest! If you are good at it, you can bet BIG at it for 1 year ahead. Besides, one should also enjoy riding this, for it is very rare and we should be happy experiencing it. It may come only once in 100 years, and we are in the middle of it. Is it exciting???? Rodney is talking regarding HS Dent ETF. Of COURSE, he has to sell the idea and his comments. It can not be so similar to e-mail alerts after the market keeps going up! This ETF is explained also that moves different from recommendations to us, e-mail alert receivers for it is backward looking. I recommend all to try to learn from H.S. Dent the knowledge they have so that we do not have to ask them in 10 years time what to do! That is why we are spending so much time to newsletter, e-mails and other things. After learning all that, if you have kids, give the knowledge to your kids! They can be ahead of other kids for investments. That is priceless!!! p.s. I have just reduced "SH" by half to keep loss a smaller so that I can recover it later! Of course, most of my money in Cash! But, My Gold and Silver can protect agst Inflation if that happens. I am sitting on a stone waiting for market to move. I did my move! now it is market's turn to move. Just like a chess game!